Laws, regulations, government decisions, public policy
India's fertiliser companies are seeking more long-term green ammonia contracts after conflict involving Iran disrupted conventional ammonia supplies and raised import costs. The government is now reviewing revised demand projections as fixed green ammonia prices have become competitive against elevated spot rates.
The Trump administration ended Biden's zero-tolerance gun dealer policy, shifted nearly 1,800 ATF agents to immigration enforcement, and the Justice Department declined 30% more trafficking referrals in 2025.
The RBI is reviewing its expected credit loss framework after rating agencies recorded default rates above benchmark thresholds. A stricter application could raise risk weights for SME loans, pushing up borrowing costs for small and mid-sized businesses.
The Trump administration plans to appeal a Supreme Court ruling that struck down its broad import tariffs, even as businesses are already receiving refunds on duties paid. The appeal could pause refund payments and may seek to restore the tariffs through a different legal argument.
The Delhi High Court has ruled Google liable for trademark infringement after it allowed competitors to use "Hindware" as a paid search keyword, ordering $31,600 in damages. Indian businesses now have a clearer legal path to challenge competitor keyword bidding on Google's ad platform.
The 8th Pay Commission will visit Kolkata on July 9-10, 2026, and travel to Srinagar and Ladakh in June as part of its regional outreach. The memorandum submission deadline has been extended to June 15, giving employee groups more time to present their demands.
US Central Command confirmed it received multiple threat reports about adversaries using commercial location data to target US forces in theatre. Lawmakers say the Pentagon should have acted faster and are pressing for immediate changes to how military devices handle tracking data.
India has reinstated windfall taxes on diesel, aviation turbine fuel, and petrol exports from June 1, 2026, ending a period of nil levies. The move signals a recovery in global refiner margins and will directly reduce export profitability for India's large private refiners.
White House adviser Peter Navarro directed the Pentagon to fast-track a $620 million loan to Vulcan Elements, a startup in which Donald Trump Jr. holds an investment stake, making it the only deal among dozens initiated by a top presidential aide.
Karnataka CM Siddaramaiah is set to resign, with the Congress high command backing Deputy CM DK Shivakumar to take over the top role. The mid-term shift triggers a cabinet reshuffle in one of India's most economically important states.
India has nearly tripled the import duty on gold, raising it to 15% from 6%, to cut the country's import bill and reduce pressure on the rupee. The sharp increase will push up domestic gold prices, affecting jewellers, retail buyers, and physical gold investors.
A US appeals court has paused a lower court order that blocked Trump's 10 percent global tariff, keeping it in effect during ongoing litigation. The case, brought by 24 states, will determine how far presidential emergency powers extend over trade policy.
India has cancelled NEET-UG 2026 and handed a paper leak investigation to the CBI, with fresh exam dates yet to be announced. The move freezes medical admissions nationwide and leaves millions of aspirants in limbo pending a rescheduled test.
The Indian government says the VB-G RAM G Act will replace MGNREGA from July 1, formally repealing the two-decade-old rural jobs guarantee law. The Ministry of Rural Development has promised no disruption to workers, but key details of the new framework have not yet been made public.
India's 2026 state assembly elections are emerging as a key battleground between the BJP and opposition parties. The opposition has flagged concerns over electoral fairness, federal fund flows, and democratic balance, while the BJP looks to extend its multi-state dominance.
India's central government is targeting up to a 20% cut in fuel consumption through a voluntary nationwide movement aimed at reducing exposure to global oil price shocks. With India among the world's largest oil importers, the effort is designed to protect the economy from energy market volatility.
Tamil film star C Joseph Vijay has been sworn in as Chief Minister of Tamil Nadu after his TVK Party won the state assembly elections. The result hands control of one of India's most industrialised states to a first-time politician with a vast popular following.
PM Modi has called on Indians to cut petrol use amid Middle East conflict, framing it as a civic duty and comparing the needed discipline to Covid-era behavior. India imports about 85% of its crude oil, so sustained Middle East tensions could push up fuel costs and widen the trade deficit.
PM Modi, at a Telangana BJP rally, urged citizens to save foreign exchange to help India manage the economic impact of the ongoing war. He cited sharp rises in petrol and fertilizer prices as the key pressure points hitting household and farm costs.
PM Narendra Modi has urged Indians to cut fuel use and avoid foreign travel, suggesting a return to pandemic-era work-from-home and virtual meeting practices. The appeal reflects India's heavy dependence on imported crude oil and could signal broader energy policy moves ahead.